If the price of inputs rises and consumer expectations about future economic activity worsens:
a. Aggregate demand rises, and aggregate supply falls.
b. Aggregate demand rises, but aggregate supply does not change.
c. Aggregate demand and aggregate supply fall.
d. Aggregate demand falls, and aggregate supply rises.
e. Aggregate demand and aggregate supply rise.
.C
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According to research by James Shepherd and Samuel Williamson, colonial coastal commerce comprised about _________ of the volume of total overseas trade
a. one-tenth b. one-third c. one-half d. three-fourths
The "duplication laws," passed by Parliament in the late 17th and 18th centuries, restricted colonial export of
a. woolen goods. b. tobacco. c. pig iron. d. cotton. e. All of the above.
A leftward shift of a supply curve is called a(n)
a. increase in supply. b. decrease in supply. c. decrease in quantity supplied. d. increase in quantity supplied.
A ________ is a person who wants to enjoy the benefits of a public good without contributing his or her marginal benefit to the cost of financing the amount made.
A. free rider B. politician C. price maker D. price optimizer